Leasing

Understory's open-air community space paired with the merging of the street and tunnel levels for the first time ever will create a destination unlike any other in Houston, says Skanska's Matt Damborsky.

JLL research shows that 37.3% of shoppers expect to see new and innovative retailers in their centers in the next 10 years. We heard from just a few of those innovators about the future of retail, AI and more at the firm's ICSC RECon press breakfast.

Panelists at ICSC RECon 2019 say that retail spending on AI is projected to grow from $2 billion last year to $7.3 billion by 2022.

Building owner Emerita USA has hired the brokerage firm to help roll out an action plan to improve efficiency and operation of the historic 592,000-square-foot brick and limestone office tower as part of its reintroduction and rebranding.

Surrounding the ICSC RECon event here in Las Vegas, GlobeSt.com caught up J. Wickham Zimmerman, CEO of Outside the Lines Inc., to talk about thoughtfully designed open spaces and the experiences of retail over material goods.

With the latest transaction, the 55-story 1.53-million-square-foot office tower being developed by the Howard Hughes Corp. and Riverside Investment and Development is now nearly 60% leased.

Like real estate investors, corporate occupiers also search for locations that have advanced innovation ecosystems in which to hire the best employees, according to JLL's latest report.

The mixed-use district will eventually span 24 acres along W. Dallas Street between historic College Memorial Park Cemetery and Waugh Drive, with phase two featuring a multifamily project and retail.